Google, Apple now threatened by the same US antitrust laws they helped inspire

The article discusses how the US antitrust laws that were originally inspired by the dominance of tech giants like Google and Apple are now being used to scrutinize and potentially rein in those same companies. It highlights the irony that the laws aimed at curbing monopolistic practices are now being applied to the very firms that prompted their modernization. The piece delves into the historical context, tracing the origins of antitrust laws to the early 20th century when they were used to break up monopolies like Standard Oil. However, as the digital economy emerged, these laws struggled to keep pace, leading to calls for updates to address the unique challenges posed by tech behemoths. The article examines the current antitrust investigations and lawsuits targeting Google, Apple, Amazon, and others, exploring the allegations of anti-competitive behavior and the potential consequences if they are found guilty. It also touches on the broader debate surrounding the role of antitrust laws in fostering innovation and protecting consumer interests in the digital age.

Source: https://abcnews.go.com/Business/wireStory/google-apple-now-threatened-us-antitrust-laws-helped-109813582